Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Joint's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $24.7 Mil. The Joint's Total Assets for the quarter that ended in Dec. 2023 was $87.2 Mil.
Therefore, The Joint's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.28.
The historical rank and industry rank for The Joint's Equity-to-Asset or its related term are showing as below:
JYNT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 0.62
Current: 0.28
During the past 12 years, the highest Equity to Asset Ratio of The Joint was 0.62. The lowest was 0.03. And the median was 0.33.
JYNT's Equity-to-Asset is ranked worse than 71.83% of 671
companies
in the Healthcare Providers & Services industry
Industry Median: 0.47
vs JYNT: 0.28
The Joint Equity-to-Asset Historical Data
The historical data trend for The Joint's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Joint's Equity-to-Asset
For the Medical Care Facilities subindustry, The Joint's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Joint's Equity-to-Asset Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, The Joint's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Joint's Equity-to-Asset falls into.
The Joint Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
The Joint's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Joint (NAS:JYNT) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
The Joint Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of The Joint's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.
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